Closing day! YAY!!!!

[Jill F.]

Investment Info:

Other buy & hold investment in Akron.

Purchase price: $488,000
Cash invested: $4,082

Group of 8 1/1 duplexes (16 units) built in 1964. Was able to cross collateralize other properties purchased not quite 3 years ago and put very little actual cash down (less than one per cent)

How did you find this deal and how did you negotiate it?

hit the MLS the day before Thanksgiving

How did you finance this deal?

portfolio loan from regional lender

What was the outcome?

With this deal, we will be able to live off our cashflow from investment properties.